XML 33 R23.htm IDEA: XBRL DOCUMENT
v3.23.3

Investments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Investments, Debt and Equity Securities [Abstract] |
Summary of Market Value of Investments | The following table summarizes the carrying value of the Company’s investments as of September 30, 2023, and December 31, 2022:
| As of
| September 30, 2023 |  | December 31, 2022
Fair value investments: |  |  |
Securities held in Consolidated Funds(a) | $ | 69,490,476 |  |  | $ | 54,740,993 |
Company sponsored investments | 67,549,541 |  |  | 66,828,910 |
Company sponsored equity method investments | 27,588,184 |  |  | 24,105,808 |
Total Investments | $ | 164,628,201 |  |  | $ | 145,675,711 |
(a) Of the securities held in the Consolidated Funds as of September 30, 2023, DHCM directly held $39.9 million and noncontrolling shareholders held $29.6 million. Of the securities held in the Consolidated Funds as of December 31, 2022, DHCM directly held $37.5 million and noncontrolling shareholders held $17.2 million.
Schedule of Investment Income | The components of net investment income (loss) are as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Realized gains (losses) | $ | 211,446 |  |  | $ | (162,973) |  |  | $ | 1,017,983 |  |  | $ | (432,444) |
Change in unrealized | (6,283,344) |  |  | (8,742,185) |  |  | 4,367,873 |  |  | (35,262,608) |
Dividends | 1,457,543 |  |  | 886,212 |  |  | 4,497,091 |  |  | 2,517,672 |
Other income (loss) | (22,597) |  |  | (12,760) |  |  | (160,453) |  |  | (124,456) |
Investment income (loss), net | $ | (4,636,952) |  |  | $ | (8,031,706) |  |  | $ | 9,722,494 |  |  | $ | (33,301,836) |
Equity Method Investments | The following table includes the condensed summary financial information from the Company’s equity method investments as of and for the three-month and nine-month periods ended September 30, 2023:
|  |  | As of
|  |  | September 30, 2023
Total assets |  |  | $ | 45,039,288 |
Total liabilities |  |  | 221,720 |
Net assets |  |  | 44,817,568 |
DHCM’s portion of net assets |  |  | $ | 27,588,184 |
| For the Three Months Ended |  | For the Nine Months Ended
| September 30, 2023 |  | September 30, 2023
Investment income | $ | 227,882 |  |  | $ | 588,001 |
Expenses | 63,972 |  |  | 176,241 |
Net realized gains | 128,182 |  |  | 504,096 |
Change in unrealized | (558,593) |  |  | 2,848,511 |
Net income | (266,501) |  |  | 3,764,367 |
DHCM’s portion of net (loss) income | $ | (85,509) |  |  | $ | 2,738,071 |

X
- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 323 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481687/323-10-50-3 + Details
Name: | us-gaap_EquityMethodInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483586/944-220-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.9) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(a),(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483621/220-10-S99-2 + Details
Name: | us-gaap_InvestmentIncomeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the summary of investment holdings. + References No definition available. + Details
Name: | us-gaap_SummaryInvestmentHoldingsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration